Analyst Note| Brian Bernard, CFA, CPA |
Grainger's top line expanded nicely during its second quarter, with organic daily sales growing 16% year over year to $3.2 billion. Both of Grainger's segments contributed to the firm's strong growth. High-touch solutions North America reported almost a 14% increase in daily sales as demand for non-pandemic products has rebounded off 2020 lows, increasing 31% year over year in the United States. The increase in non-pandemic product sales more than offset lower pandemic-related sales as demand for cleaning supplies and personal protective equipment continue to normalize. Grainger's endless assortment segment continued its strong growth trajectory, with sales increasing 23% year over year.